When will Berkshire Hathaway be ready to spend?

Motley Full Money, I'm Deja Willard here with Motley Full analyst Matt

Frankel. Pat good to see you today. Good to see you as well. Always fun. I

work four Saturdays a year and they are Berkshire's earnings reports so it doesn't even feel like

a Monday I worked over the weekend. Exactly I mean I think they're the only company

the reports on a Saturday either way it is always a it is always a special event not as

special as the you know the big conference in the spring but I think the headline

for at least for most of the news reports I saw was that 157 billion numbers so

that's the amount of cash Berkshire has on hand new record I think about 126 million

of it is sitting in short-term treasuries.

You know, because we tend to respect Warren Buffett so much,

we tend to like look at his activity

and in this case, the lack thereof as a signal.

Is this a signal should Is this a signal? Should he's not buying, should we be buying?

There's three pieces of the cash hoard growing, right? There's the operating income

from the businesses that gets put in the pile.

There is how much Berkshire spent or did not spend on buying more stock for its portfolio,

which it looks like it was a net seller of stocks.

We don't know exactly what it bought and sold,

but it definitely, the cost basis of its portfolio

declined quarter over quarter,

so that's usually the clue that it was a net seller.

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